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I HAVE A QUICK QUESTION. What forms do i need to fill in proseries if a person collect rents from property and does not work at all that is his only income thanks
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Big Bird says today is brought to you by schedule E.
Slava Ukraini!
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IM SORRY I DIDNT GET YOUR RESPONSE
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What type of property? Construction equipment? Vehicles? ....
Answers are easy. Questions are hard!
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its the insured personal home where he rents the bottom portion for rent no other income insured gets just that
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Yes, Schedule E, and of course also 1040, and Schedule 1, and any state returns necessary. But your Schedule E is what you're looking for.
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@conveniencebrokerage are you a tax professional?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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yes i am
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what i don't understand when i put his schedule e and put the expenses the person get 0 tax due not getting any money back is that normal or am i missing anything thanks
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@conveniencebrokerage are you a tax professional?
Answers are easy. Questions are hard!
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Why would they get money back?
Your post is quite concerning if you hold yourself out to be a tax professional.
Are you a new preparer?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Please stick to one post.
Filing a return for a individual with rental prope... - Intuit Accountants Community
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